Ethereum has recently surged with notable momentum, signaling a bullish uptrend.
This increase has seen the price reclaim a critical resistance level, reflecting strong buyer confidence and market participant optimism.
Technical Analysis
By Shayan
The Daily Chart
A thorough analysis of Ethereum’s daily chart reveals a significant shift in market sentiment, characterized by an impulsive uptrend and heightened bullish momentum.
Accordingly, the price has approached a crucial multi-year resistance zone – the psychological barrier at $2.9K and successfully surpassed it.
This indicates a prevailing bullish sentiment among market participants, with buyers dominating the market. The trend appears sustainable, with eyes set on surpassing the major yearly swing high at $3.6K. However, it’s worth noting that the only concern is the emergence of an expanded bearish divergence between the price and the RSI indicator, signaling a possible short to mid-term correction or consolidation phase be
We współpracy z: https://cryptopotato.com/ethereum-explodes-toward-3k-two-things-to-watch-this-week-eth-price-analysis/
